Federal Housing Agency (FHA)
Senate Considers Nominations of NEC Chairman, HUD Assistant Secretaries
The Senate Committee on Banking, Housing and Urban Affairs held a nomination hearing for Dr. Jared Bernstein to be chairman of the Council of Economic Advisers and Solomon Greene to be an assistant secretary of Policy Development & Research at HUD and David Uejio to be assistant secretary for Fair Housing and Equal Opportunity at HUD.
NH&RA Signs Letter on FHA’s Section 8 Standard Program Regulation and Renewal Contract Proposal
NH&RA signed a letter led by the National Leased Housing Association on the Federal Housing Administration’s (FHA) Advanced Notice of Proposed Rulemaking on Section 8 Project-Based Rental Assistance: Standard Program Regulation and Renewal Contract.
FHA Temporarily Implements Direct-to-Firm Commitment Process
HUD’s Office of Production issued temporary, three-month guidance implementing a procedural change to its underwriting queue to improve process efficiency.
Julia Gordon Sworn in as FHA Commissioner
HUD Secretary Marcia
Julia Gordon Confirmed as FHA Commissioner
On May 12, the Senate voted 50-50, with Vice President Kamala Harris (D) breaking the tie, to confirm Julia Gordon as commissioner of the Federal Housing Administration (FHA).
Senate Advances FHA Commissioner Nomination
Yesterday, the Senate voted to discharge the nomination of Julia Gordon to serve as commissioner of the Federal Housing Administration/deputy secretary of HUD’s Office of Housing.
HUD Revises Base City High Cost Percentage, High Cost Area and Per Unit Substantial Rehabilitation Threshold for 2022
In Mortgagee Letter 2022-05 and Housing Notice 2022-02, HUD increased the substantial rehabilitation for FHA insured loan programs from $15,000 to $16,983 per unit.
FHA Removes Temporary COVID-19 Underwriting Mitigants for Multifamily 223(f) Transactions
The Federal Housing Administration (FHA) announced that it is removing temporary COVID-19 underwriting mitigants for multifamily transactions insured under Section 223(f) of the National Housing Act effective immediately for all insured transactions that have yet to reach endorsement.
HUD Eliminates Hard Copies of Closing Document Post-Endorsement
HUD’s Office of Multifamily Housing sent a memo to Federal Housing Administration Multifamily Accelerated Processing lenders eliminating the submission of a hard copy of closing documents, so long as they are identical in every respect as the submission that was provided electronically to HUD.
FHA Requires Electronic MAP Application Submissions – Dec. 10
The Office of Multifamily Housing published Mortgagee Letter 2021-26, which announces the required use of the FHA Catalyst: Multifamily Applications Module effective Dec. 10, 2021, for all electronic MAP application submissions.
Fannie, Freddie Each Increase LIHTC Investment by $350 Million; FHA Risk-Share Programs Resume
Last week, the White House released a sweeping set of actions the Biden-Harris administration is taking to increase the supply of affordable housing.
Senate Holds Nomination Hearing for Gordon, Uejio & Greene – Aug. 5
The Senate Committee on Banking, Housing and Urban Affairs will hold a nomination hearing to consider Julia Gordon to be Federal Housing Administration commissioner and assistant secretary for Housing at HUD at 10 a.m. ET on August 5. NH&RA sent a letter to the committee supporting Gordon’s nomination.